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“We would wait for a break above 19,800 region to climb back onto the 20600 trajectory. Alternatively, a slippage back below 19450 could set our eyes on 19139-18900, but the chances of a collapse looks low for next week,” he says.

The stock quoted a 52-week high of Rs 652.2 and a 52-week low of Rs 412.2.

The issue of SBFC Finance comprises fresh equity issue of Rs 600 crore and an offer for sale (OFS) of Rs 425 crore, while Concord Biotech is completely an OFS of 2.09 crore equity shares up, aggregating up to Rs 1,551 crore.

This strong performance in the quarter was driven by the successful execution of a significant part of the simulation export and domestic anti-drone orders," Zen Technologies Chairman and Managing Director, Ashok Atluri said.

The RBI monetary policy announcement on Thursday is the key event this week, IFA Global Research Academy said in a note adding that the rupee is likely to trade in the 82.50-82.80 range with sideways price action.

"Bullion daily charts are trading at the demand zone, with good upside movement seen in the near term. The momentum indicator RSI also indicates the same so traders are advised to make fresh buy positions in Gold and Silver near the given support level with a stop loss of at the support. Investors should book profit near the given resistance levels," Amit Khare Associate Vice President at Ganganagar Commodity Limited (GCL) Broking.

A total of 800 shares changed hands on the counter till 10:50AM (IST).

Foreign brokerage Jefferies noted that asset quality is holding up for the PSU bank while Kotak Institutional Equities sees a limited downside and called SBI its top pick in the space.

The Relative Strength Index of the stock stood at 58.9 on Monday.

​It is a 2-day pattern with a green candle and followed by a short candle within the green candle’s range in an uptrend. This pattern suggests an upcoming change in the current bullish trend.​